The Indian stock market is in a structural bull run at least for next 3 to 5 years, any correction in the market is a buying opportunity for long term investors.
Volume growth drive by retail India consumption and fall in commodity prices to lead to better margins should be the two key parameters to watch out for in Q1FY24. Volume growth drive by retail India consumption and fall in commodity prices to lead to better margins should be the two key parameters to watch out for in Q1FY24.
Shah emphasized the importance of investing in good quality businesses but at reasonable prices.
Despite varying reports on El Nino, the risk to inflation seems to be on the upside, says Venkatraghavan.
Shailendra Kumar, CIO of Narnolia Financial Services, expects a #39;very healthy and stronger bull market for India based on structural fundamental changes in India which should drive a very broad base rally for a longer period of time.#39;
The IT sector cannot be ignored on a long-term basis as it has created immense shareholder value in the long term.
Auto sector does look slightly overvalued, hence, remain selective within the auto OEM space.
The growth opportunity is much bigger in NBFCs compared to large banks.
Joseph Thomas of Emkay Wealth expects market performance for the year to be more or less in line with nominal GDP growth.
Mid and Small cap spaces have seen a significant run up in the recent months specially after RBI decided to leave the policy rates unchanged after a series of rate hikes till 6.5 percent.
Nilesh Shah believes competitive companies catering to local and global markets will do well in the days, months, quarters and years to come. He also adds that he is bullish on the manufacturing sector in India. FPIs are likely to be a bet buyer of Indian equity.
Union AMC expects companies in the manufacturing sector to play a vital role in creating wealth for investors. Union AMC expects companies in the manufacturing sector to play a vital role in creating wealth for investors.
Divam Sharma of Green Portfolio PMS believes that IT sector could be a dark horse in the second half of this financial year. Divam Sharma of Green Portfolio PMS believes that IT sector could be a dark horse in the second half of this financial year.
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One should look at the fundamental strength of balance sheets, order books, growth opportunities and most importantly appropriate valuations before adding a company to their portfolio.
Anil Rego is also bullish on IT sector from a three years time frame driven by attractive valuations strong earnings growth, and a demanding environment.
Barring IT and commodities, most sectors are likely to report good earnings growth in FY24.
The case for a rate cut by RBI in December is weak based on the current growth trajectory.
At home, as inflation begins to cool and interest rates peak, small and midcaps are favourably positioned for a rally and can outperform largecaps, says Joseph
Rao also says there has been a change in FPIs#39; interest since November–December. While China led the inflows in 2022, followed by Brazil, Thailand and Indonesia, 2023 has seen large buying interest in Taiwan, Korea and, more recently, India
Despite being the 5th largest, the Indian economy is likely to be the 17th fastest growing economy in the world. Private consumption is expected to play a key role in driving this growth.
We expect consolidation to continue between 43,300 and 44,500 levels. From Elliott wave perspective, Bank Nifty is moving in form of wave 5 which is matured stages of up move.
Softening of commodity prices, the revival of private sector capex, PLI benefits and a pause in interest rate hikes are some of the factors that are likely to support the performance of mid and small caps in the future.
Economic momentum over the past two years was powered by the premium segment of the market. With inflation moderating, we expect the mass segment to start contributing to the economic expansion. Amit Jain says a recessionary environment in the world will bring more money to the Indian economy and the stock market. He also has some investment advice, read on
Jitendra Gohil, Director– Global Investment Management, Credit Suisse Wealth Management, India, expects the Nifty give low to mid-double-digit returns in 2023, with a good performance in the second half of the year
Kotak Mahindra Asset Management Company is cautious on global-facing sectors such as metals and IT but says domestic growth is more resilient. It is upbeat on banks, industrials and auto among other sectors
Nifty has broken out of the 2,000 points range of 16,000-18,000 level and the market seems to be set to scale new peak in H2 of 2023.
IT companies reported a mixed performance overall in Q4FY23, with tier-1 firms delivering muted revenue growth and modest margins, while tier-2 companies outpaced the tier-1 pack with stronger revenue growth.
The market veteran expects the RBI to continue with the rate hike pause, leave the GDP forecast unchanged but peg down the inflation number for FY24 when it meets for policy review on June 6-8
Asit Bhandarkar of JM Financial Asset Management expects the RBI to hold the rates once again but change the policy stance to #39;neutral#39; when it meets next week for bi-monthly policy review
Investors are anticipating rate cuts as early as second half 2023, especially after the liquidity related stress seen in the global banking system in the past couple of months.
